Vertical Capital Markets Group

Press Release

Irvine, CA, June 12, 2014 --(PR.com)-- Vertical Capital Markets Group today announced that it has entered into an agreement with Greenwood Capital Associates, LLC of Greenwood, S.C., to be the wholesale marketer of The Crescent Funds and Greenwood Capital’s Separately Managed Account strategies.

“Greenwood Capital combines the integrity of Main Street with the vast expertise of Wall Street,” said Bayard Closser, President of Vertical Capital Markets Group. “They do this by evaluating their world a mile wide from a broad macro-economic perspective to develop key investment themes, which are then analyzed a mile deep and implemented across Greenwood Capital’s Investment Strategies.”

The wholesaling of The Crescent Funds, which include the Strategic Income Fund (GCSFX) and Large Cap Macro Fund (GCILX), will add additional variety and versatility to Vertical Capital’s other mutual fund offerings that focus on “unconventional, innovative investment solutions,” according to Closser.

“Marketing the proprietary Investment Strategies via Separately Managed Accounts, coupled with direct access to The Crescent Funds, will enable advisers to access our variety of disciplined offerings including a full array of Equity, Fixed and ETF strategies,” said J. Philip Bell, President of Greenwood Capital. “It is our unique perspective that we believe has afforded our clients prudent growth with an always watchful eye toward downside risks.”

About Vertical Capital Markets GroupThe Vertical group of companies, founded in 2004, provides access to an outstanding team of professionals with strong backgrounds in banking, finance, and investing. Our senior partners combine to have more than 150 years of collective experience in the manufacturing, marketing and distribution of financial service products to retail broker-dealers, registered investment advisors, family offices and individual investors. Collectively, the Vertical Capital team has raised more than $100 Billion since 1983.

About Greenwood CapitalGreenwood Capital brings a 31-year history* of direct experience managing proprietary investment strategies for institutions and financial intermediaries. Recognized and utilized on a national level, these strategies are available directly through Greenwood Capital, The Crescent Funds or from a variety of quality advisers.

*Prior to 2001, Greenwood Capital Associates and the term "Firm" refers to Greenwood Capital Associates, Inc. (GCAI) which was established in 1983. On or about June 29, 2001, Greenwood Capital Associates, LLC acquired substantially all the assets of GCAI, a sub-chapter S corporation. Greenwood Capital Associates, LLC registration dates back from 2001.

An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at ncfunds.com or by calling Shareholder Services at 800-773-3863. The prospectus should be read carefully before investing.

An investment in the Fund is subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Investment in the Fund is also subject to the following risks: investment advisor risk, investment strategy risk, growth securities risk, large-cap company risk, management style risk, market risk, new fund risk, risks related to investing in other investment companies, sector risk, government debt markets may be illiquid or disrupted, inflation risk, interest rate and credit risk, investment-grade securities risk, lower rated securities or “junk bonds” risk, maturity risk, risks of investing in municipal securities and risks of investing in corporate debt securities. More information about these risks and other risks can be found in the Fund’s prospectus.